GMO U.S. Quality ETF (NYSEARCA:QLTY) Shares Up 0.9% – What’s Next?

GMO U.S. Quality ETF (NYSEARCA:QLTY) traded up 0.9% on Wednesday . The stock traded as high as $39.66 and last traded at $39.66. 458,549 shares traded hands during trading, a decline of 34% from the average session volume of 692,699 shares. The stock had previously closed at $39.29.

GMO U.S. Quality ETF Trading Up 0.9%

The stock has a market capitalization of $4.07 billion, a PE ratio of 55.08 and a beta of 0.99. The firm’s 50-day simple moving average is $37.77 and its two-hundred day simple moving average is $38.05.

Hedge Funds Weigh In On GMO U.S. Quality ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aspen Investment Management Inc grew its position in GMO U.S. Quality ETF by 4.6% during the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,210 shares in the last quarter. Triangle Securities Wealth Management grew its position in GMO U.S. Quality ETF by 3.5% during the 1st quarter. Triangle Securities Wealth Management now owns 121,885 shares of the company’s stock worth $4,410,000 after purchasing an additional 4,155 shares in the last quarter. Sprinkle Financial Consultants LLC grew its position in GMO U.S. Quality ETF by 10.5% during the 1st quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock worth $3,157,000 after purchasing an additional 8,264 shares in the last quarter. Breakwater Capital Group grew its position in GMO U.S. Quality ETF by 89.8% during the 1st quarter. Breakwater Capital Group now owns 24,449 shares of the company’s stock worth $885,000 after purchasing an additional 11,568 shares in the last quarter. Finally, Stonehearth Capital Management LLC grew its position in GMO U.S. Quality ETF by 4.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock worth $15,953,000 after purchasing an additional 20,133 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Company Profile

The GMO U.S. Quality ETF (QLTY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that focuses on equities of high-quality US companies. The funds investments may include companies of any market capitalization. QLTY was launched on Nov 13, 2023 and is issued by GMO.